Takeover denial hits Vodafone shares

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Vodafone's shares fell on Wednesday after Verizon Communications ruled out a full takeover of the British based firm.

The US telecommunications giant said it does not "currently have any intention" to merge with or buy its partner.

Vodafone's stock has risen more than 25 percent this year on hopes that it would sell its forty five percent stake in US mobile provider Verizon Wireless.
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